Summit Real Estate 2009 Year in Review
It was quite a year in real estate for Summit, NJ.
Not surprisingly, the higher end homes took longer to sell
while the most movement in home sales was
found at the lower (well for Summit anyway) priced homes.
Based on the records from the Garden State MLS,
the average selling price in 2009 was $930,999
(just 4% off 2008 prices.)
Buyers should be happy tho’,
as sales prices were at 98% of final listing price…
sellers and their agents are now much more in tuned
with right pricing here in Summit.